China's STAR 50 Index fell 3.81% on November 3, leading a broad market pullback that saw the Shanghai Composite drop 0.82%, the Shenzhen Component decline 1.21%, and the ChiNext Index slide 2.73%. More than 3,300 stocks closed lower as computing power hardware names weakened across the board, with Eoptolink, Zhongji Innolight, Guangku Technology, and T&S Communications all posting losses. Turnover across the Shanghai and Shenzhen markets reached 1.7 trillion yuan, down 80.3 billion yuan from the prior session. Notably, four broad-based ETFs — ChinaAMC SSE 50 ETF, E Fund ChiNext ETF, Huatai-PineBridge CSI 300 ETF, and ChinaAMC STAR 50 ETF — each topped 10 billion yuan in daily turnover for the first time since the "924 rally" in 2024, signaling heavy institutional activity amid the correction. On the upside, AI comic-drama concept stocks strengthened intraday, with Wentou Holdings hitting its fifth limit-up in six sessions. Battery sector names also rallied, led by Zizhu Gaoke's second consecutive daily limit gain. Meanwhile, physical AI concepts swung sharply lower, with Century Hengtong plunging by its 20% daily limit cap.